
AFC raises US$400 million in Shariah-compliant Commodity Murabaha facility to fund African infrastructure
This transaction reaffirms AFC’s role as a bridge between global capital and Africa’s most urgent infrastructure needs.
This transaction reaffirms AFC’s role as a bridge between global capital and Africa’s most urgent infrastructure needs.
AFC enjoys significant support and collaboration with Asian financial institutions.
Beyond the greenfield railway, AFC is the Financial Advisor for the Lobito Atlantic Railway (LAR) consortium
The significant oversubscription and success of this bond issue is an endorsement of our impressive financial performance.
The change in outlook to stable from negative is driven by our expectation that AFC will be able to maintain astable.
The venture is led by Blackrose, a project development and investment firm, and co-developed with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, which are co-financing alongside AFC.
The proposed acquisition includes Lekela Power’s portfolio of operational wind power projects, which have a combined installed capacity of over 1 gigawatt (GW), mainly located in South Africa, Egypt and Senegal. It also includes Lekela’s 1.8 GW pipeline of greenfield projects, the majority of which are anticipated to reach financial close in the near future.